Union Budget 2023: Focus on infrastructure in the state, demand of Bihar Industries Association will benefit you
[ad_1]
Union Budget 2023 A lot of enthusiasm is being seen in the industries along with the common people of Bihar. People associated with MSME and small scale industries in the state where loans are expected at cheaper rates. At the same time, we are also hoping to focus on the development of transportation facilities for goods. It is being told that Bihar Industries Association (BIAAlong with giving special status to Bihar, there has been a demand to make a special corridor for transportation. He said that BIA President Arun Agarwal said that it is necessary to get special status for the development of the state.
30 percent cess should be halved
BIA President Arun Agarwal said that the Bihar government is providing land in the industrial area to set up industries. But the central government also needs to make some reforms in the policy. The per capita income of Bihar is 48 thousand rupees. While the average per capita income in the country is 1.5 lakhs. In such a situation, the economic situation can be understood. Arun Aggarwal demanded that there should be a provision of 50 thousand crore loan to the industrialists of Bihar. Along with this, the cess income tax imposed on the most important MSME sector industry for the state should be reduced to half.
Increase in insurance coverage available to MSMEs
Bihar Industries Association demands that the maximum limit of insurance coverage available to MSMEs should be increased from two crores to Rs 28 crores. Along with this, entrepreneurs should also be encouraged to use solar energy incentives. The penalty should be maximum 5 percent for micro industry, 10 percent for small scale industry and 25 percent for medium sector.
Establishment of Goods Dedicated Corridor
Goods Dedicated Corridor should be made for traders to sell and transport their goods in Bihar. The allotment of the budget should be more for the bridge to be built on the Ganga. The silt should be excavated so that the ships do not get stuck in the river. Most importantly, an international level airport should be built in Patna.
[ad_2]
Source link